View more on these topics

ECB raises rates to 1.5%

The European Central Bank confirmed a second interest rate rise on the same day the Bank of England voted to keep UK rates at their current level.

A rise of 25 basis points, the second for 2011, brought the EU’s interest rate to 1.5 per cent today as the BoE voted to keep the base rate at 0.5 per cent for the 28th month in a row.

Eurozone inflation reached 2.7 per cent for June, exceeding the ECB’s target rate of 2 per cent and prompting many to anticipate today’s interest rate rise.

Additionally, The interest rate on the marginal lending facility will be increased by 25bps to 2.25 per cent, while the interest rate on the deposit facility will also be increased by 25bps to 0.75 per cent.

All three changes to the monetary policy will take effect from July 13.



Precise opens up product range to Scotland

Precise Mortgages is opening up its entire product range to Scottish homeowners. The lender, which distributes solely through intermediaries, has a range of short-term lending and buy-to-let products. It also offers near-prime products to homeowners who may have had minor credit difficulties. It aims to make its products available in Scotland by early August. Last […]


Dilnot: Govt should invest in LTC advice strategy

The Dilnot Commission has called on the Government to invest in a major information and advice strategy to help people when they need long-term care. The Commission on Funding of Care and Support, set up by the Government a year ago and chaired by economist Andrew Dilnot, published its proposals on long-term care funding today. […]

Quiet confidence

This year has so far proven tricky for investors. On the whole, corporate news has been good but this has been offset by a macro environment that could be viewed as unhelpful at best. Unrest in the Middle East, the threat of Greek default and inflation fears in emerging markets, most notably China, has dominated […]

Castle Trust appoints ex Burns Anderson CEO

Castle Trust has appointed former Burns Anderson chief executive Mike Hughes as its managing director of mortgages. Hughes, who has also been a director of Legal & General Bank, will be in charge of developing the firm’s partnership mortgage, which is due to launch later this year. He says: “The unique products being developed by […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm